Insider Selling: FactSet Research Systems Inc. (FDS) Director Sells 2,419 Shares of Stock

FactSet Research Systems Inc. (NYSE:FDS) Director Scott A. Billeadeau sold 2,419 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $192.30, for a total value of $465,173.70. Following the completion of the sale, the director now directly owns 4,419 shares of the company’s stock, valued at approximately $849,773.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

FactSet Research Systems Inc. (FDS) traded up $2.65 during trading on Thursday, reaching $195.89. The company’s stock had a trading volume of 295,031 shares, compared to its average volume of 300,900. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $207.25. The firm has a market cap of $7,494.60, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.04 and a current ratio of 2.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.06. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The company had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. During the same period in the prior year, the company posted $1.75 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts expect that FactSet Research Systems Inc. will post 8.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Thursday, November 30th were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.14%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.79%.

Several research firms recently weighed in on FDS. Morgan Stanley reissued an “equal weight” rating and set a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Barclays boosted their price objective on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 27th. Bank of America reissued a “neutral” rating and set a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Wells Fargo & Co set a $185.00 price objective on FactSet Research Systems and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $199.00 price objective on shares of FactSet Research Systems in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $183.46.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. grew its position in FactSet Research Systems by 2.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,579 shares of the business services provider’s stock worth $585,000 after acquiring an additional 72 shares during the last quarter. Gotham Asset Management LLC grew its position in FactSet Research Systems by 6.8% during the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares during the last quarter. Comerica Securities Inc. grew its position in FactSet Research Systems by 2.1% during the 2nd quarter. Comerica Securities Inc. now owns 4,653 shares of the business services provider’s stock worth $773,000 after acquiring an additional 95 shares during the last quarter. Carderock Capital Management Inc. grew its position in FactSet Research Systems by 1.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 7,655 shares of the business services provider’s stock worth $1,272,000 after acquiring an additional 125 shares during the last quarter. Finally, Formidable Asset Management LLC grew its position in FactSet Research Systems by 2.6% during the 2nd quarter. Formidable Asset Management LLC now owns 5,124 shares of the business services provider’s stock worth $852,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Insider Buying and Selling by Quarter for FactSet Research Systems (NYSE:FDS)

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